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Two company veterans tapped to lead Fox News after Ailes’ exit

August 13, 2016 by · Leave a Comment 

By Anna Driver NEW YORK (Reuters) – Rupert Murdoch on Friday named company veterans Jack Abernethy and Bill Shine as co-presidents to lead Fox News after Chief Executive Officer Roger Ailes resigned last month following sexual harassment allegations. Abernethy is CEO

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Two company veterans tapped to lead Fox News after Ailes’ exit

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Sumner Redstone willing to be deposed in competency lawsuit

August 13, 2016 by · Leave a Comment 

By Ross Kerber CANTON, Mass. (Reuters) – An attorney for Sumner Redstone said the media mogul would be willing to be interviewed briefly under oath in a lawsuit over his mental competency that could influence the future …

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Sumner Redstone willing to be deposed in competency lawsuit

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Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

June 16, 2016 by · Leave a Comment 

Sumner Redstone said he “no longer trusts” Viacom Inc's board or Chief Executive Philippe Dauman to act in the media company's best interests, according to a spokesman for the 93-year-old mogul. The comments from Redstone, the controlling shareholder of Viacom and CBS Corp , are the latest…

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Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

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Bezos says Amazon to up India investment to $5 billion

June 8, 2016 by · Leave a Comment 

Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on…

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Bezos says Amazon to up India investment to $5 billion

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Judge says needs time to rule on date of Sumner Redstone competence trial

June 8, 2016 by · Leave a Comment 

The battle over control of Sumner Redstone’s $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge said he needed time to decide whether to move up the date of a trial questioning the 93-year-old’s mental competence. Probate and Family…

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Judge says needs time to rule on date of Sumner Redstone competence trial

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Sumner Redstone suggests he could oust Viacom board, CEO

May 28, 2016 by · Leave a Comment 

A judge set an early June hearing on the possible removal of CEO Philippe Dauman from the trust that will control the media company when Redstone dies or is deemed incapacitated. In a statement issued through a spokesman, Redstone, who turned 93 on Friday, said he would act in “the best interests of shareholders,” when weighing whether or not to oust Dauman…

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Sumner Redstone suggests he could oust Viacom board, CEO

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New York judge grants request to depose Viacom CEO

February 25, 2016 by · Leave a Comment 

The ruling was the latest in a lawsuit filed in November in Los Angeles by Redstone's ex-girlfriend Manuela Herzer, who has sued over her removal as the 92-year-old Redstone's health care agent in favor of Dauman. As part of that lawsuit, Herzer

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New York judge grants request to depose Viacom CEO

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Viacom names CEO Dauman as chair as Redstone exits; daughter protests

February 4, 2016 by · Leave a Comment 

By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92-year-old Redstone was becoming chairman emeritus, a day after CBS Corp said Redstone, also the CBS majority owner, was stepping down as executive chairman and being …

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Viacom names CEO Dauman as chair as Redstone exits; daughter protests